Downside Risks.

A stalled economy plus the Fed's booster,yet Wall Street is still wary.A sobering economy despite the additional half-point rates cut has sent a signal of economic disaster,a magnitude which is difficult to assess.

"Credit has tightened further for some businesses and households," the Fed said. "Moreover, recent information indicates a deepening of the housing contraction as well as some softening in labor markets."
In its 9-1 decision, the Federal Reserve dropped its key rate to 3 percent at the end of a two-day meeting. Richard Fisher, president of the Federal Reserve Bank of Dallas was the sole dissenter. He preferred no change.
It was the second Fed rate cut in just over a week, and the policymakers signaled they were prepared to keep going lower if needed.

http://www.federalreserve.gov/

Tracking the Dow on Wednesday,30/1/08

Upon annoucement of a rate cut at 2:00pm stocks pounced higher but gave up after digesting the news.It's now a non-event and the pullback begins.At the closing bell,noticed a very bullish hammer beneath the long black candlestick.The floor is going to be cracked and dug deeper.

The indices have geared up for the Fed's meeting as seen on Thursday till Monday.When the meeting starts on Tuesday the bulls were on hand to tackle with the market hopefools.Upon completion of the meeting announcement,that's it.The bulls ferociously gored everyone of us.These instituitional funds are real crooks.The volatility starts again & we'll be heading south.

Fed's carrot delivery.

It's pretty clear that the market is awaiting whether the Fed's chairman is going to deliver another basket of carrots at a 50% discount otherwise which he's not meeting the market demands and his shop is going o be mobbed again and spelt with rotten eggs.

Traders are cautiously following the outcome of the schedule meeting of the FOMC, which starts Tuesday and ends with an approximately 2:15 p.m. announcement Wednesday.

Investors will also be watching for news affecting the economic stimulus plan, including comments from President Bush during Monday night's State of the Union Address. A House vote on the plan is scheduled for Tuesday though the time is not yet determined.

Tracking the Dow on Monday,28/1/08.

The market open higher but succumb to the morning's weak new home sales report and mixed earnings news as further evidence that the Federal Reserve will keep cutting interest rates.The turbulent was contained at 10:00am,the usual time for a retracement from its high.The theme play is the great expectations of a rate cut.Any disappointment we're goin to had it hard-rock.Towards the half hour before the closing bell,there was a breakaway renegade of green-berets advancing to hunt for the bulls.Sure they'll get them.

The bulls have finally short-cover their positions.

The are now in a position to head further north.

Make sure they read the correct compass needle.

Traumatic theatre.

The daily dose of big swing on Wall Street on fellow traders and investors on the floor has created lots of knockouts with the 300kilos and 600kilos of punch.It has been a trauma as most of the time it coudn't stand up for a rebout and fallen again on the ringside.

The chief surgeon (President Bush) has injected liquid stimulant ($150 billion economic stimulus package) but has yet to go downstream into the organ system.It's too slow to penetrate into the bodily economic system and yet to energized it now and beyond.
The main focal point coming this Monday is President Bush's State of the Union address.Indeed, he pledged during Saturday's Presidential radio address to tout the bipartisan stimulus plan during next week's speech; "...I believe that with swift action, we can give our economy the boost it needs to continue expanding and creating new jobs for our citizens." He also reiterated his hope that the plan will be enacted swiftly.
The stimulus proposal announced Thursday also includes tax breaks for businesses to spur them to invest in plants and equipment.
The situation on Wall street has so far been stabilized except for a few smallish punch along the bout and will not create further wreckage and stampede.
COMPANIES REPORTING.
On Monday, McDonald's, Verizon, Corning, and Tyson Foods report before the bell. American Express reports in the afternoon.
Tuesday morning, we'll get results from Countrywide. Also reporting are Burlington Northern, Dow Chemical, Eli Lily and EMC. After the close, Yahoo and Allstate report.
On Wednesday, some of the big names include Boeing, Merck and Altria ahead of the bell. That afternoon, Amazon, Pulte Homes and Starbucks report.
Bristol-Myers, Colgate-Palmolive, Procter and Gamble, MBIA and Marathon Oil release results Thursday morning. Anheuser-Busch also reports that day. Google is the heavy weight after Thursday's closing bell.
On Friday, Chevron and Exxon report in the morning, along with Gannett, Simon Properties and Ryder System.
The week starts out with new home sales, Monday at 10 a.m. On Tuesday, durable goods orders are reported at 8:30 a.m. and consumer confidence is reported at 10 a.m.
ECONOMIC REPORTS
The Fed's big day is Wednesday, but its meeting starts Tuesday.
Friday is a key day for data, with the important January employment report at 8:30 a.m. The ISM manufacturing index is released that day , as is construction spending and consumer sentiment, all at 10 a.m.
On Wednesday, there are several important items, including fourth quarter GDP at 8:30 a.m. ADP's jobs report is also released at 8:15 a.m. and weekly oil inventory data is reported at 10:30 a.m.
On Thursday, personal income and the employment cost index are reported at 8:30 a.m. Weekly jobless claims are issued at 8:30, as usual, and Chicago purchasing managers data is released at 9:45 a.m.
Auto sales for January are also reported by car makers on Friday.


The daily Dow pullback hours are always between 10:30am to 11:30am.The 15 minutes preclosing price is being used by market-markers to determine the following day's follow through seesion and is being used in all worldwide markets.Noticed the last hour candlestick,it's a bearish hangman,sending stocks to the guillotine and virus vault.




Tracking Friday's movement.
Led by a strong earnings report and reassuring outlook from software giant Microsoft (MSFT), the market opened higher.At !0:30 am see the Gap-Down.These market markers knew they're going to bring down the market to unwind their positions for the weekend.It closes back to the upper shadow of previous Friday.The final bell saw a bullish spinning bottom within the body of the long black bar and ended with a strong inverted hammer.They plan to bring it up again.

Aftermath of Wreckage.

The scenerio of the recent financial wreckage has caused an unprcedented pain and suffering to we fellow investors and traders alike.The saviour of the day is still Fed Chairman,helicopter Ben who made an emergency 0.75 percentage rate cut salvo to halt the collapse of the once powerful economic powerhouse.

Otherwise which the magnitude of the financial holocust will cause another domino effect which will ripple throughout the financial world.This is the most drastic worldwide index losses the financial world has ever seen all this while and to my experience.

Thursday 17 January'08 (DowDOWN 306.95 points) has been the eve of the Dow's December'07 index & options futures expiry.It coincides with the last day of the 10 years cycle of the stock market CRASH.(previously 1997).Seems that the stock market has been deliberately been done before a President leaves office so that it become a memorial.Previously President Clinton left with the Dot-Com bubble.We investors tend to forget all this so that's where we are all left in the lurch in today's market.So its time to start from the ashes again.

While the U.S market was closed on Martin Luthers holiday,the Dow index futures which is open for trading has given market manipulators a good opportunity to take the time differences to threaten Asia-Pacific financial markets by playing down a hefty over 600 points losses thus creating a panic.There must be an upper hand behind this set-up.Very,very well syncronized.
Tracking wednesday's Dow.23 January 2008.
A very big swing ,a total of 631 points.The final closing bell sees a small bullish inverted candlestick on the back of an advancing helicopter's Ben apache gunship.The Main Pivot is just nearby and it'll break into the bulls county.

The engulfing bullish candlestick has covered Friday's half upper shadow.A sheer good sign that it's going to light up further.

Wall Street carnage.

The financial markets holocust which happens from Latin America right until Europe and Asia Pacific spread into Wall Street in the opening wee hours of trading day.

It hasn't been spared as soon as it opens its door for the business day despite the news that the Fed cut rates by 75 basis points prior to its scheduled Jan. 30 meeting.

The fed funds rate now stands at 3.50% and the discount rate stands at 4.00%. The Fed decided to take action due to a “weakening economic outlook and increasing downside risks to growth.” Of note, St. Louis Fed President William Poole dissented, as he did not believe current conditions justified action before the Jan. 30 meeting.

The rate cut has done little to lift the stock market in the early-going.DJ30 -368.65 NASDAQ -88.00 SP500 -44.25.

The Fed decided to take action due to a "weakening economic outlook and increasing downside risks to growth." It is the largest cut since 1984, and the Fed's first inter meeting cut since 2001.

The last 30 minutes of trading again noticed a gap-down selling pressure as concerns about the aggressive nature of the Fed's easing, and what it signaled about economic conditions, caused unease for some traders. Subsequently, the stock market did indeed start the day on a sharply lower note---a very big GAP-DOWN in no man's land.The final day candlestick saw a bullish spinning bottom beside a bearish dangerous hammer.Looks like wanting to send to the graveyard again as the news is a junkie maybe a mild profit taking for the follow through session..On the whole the day's candlestick is a long white bullish bar.

Financial markets bloodbath.

Asia-Pacific financial markets today went into a tailspin and tumbled ferociously to a freefall on the back of investors pessimism over the U.S. government's stimulus plan to prevent a recession.It's another horrible day where double digit losses of stocks hit almost across the board.The sell-off today takes us close to the bottom and it's going to continue wiping off the whole year index gain as depicted on Dow's Friday's failure to sustain its 182 points gain and tumbled into a negative territory.
Today is Martin Luther's public holiday but the Dow index futures is currently trading down a hefty 335 points.Last Friday's closing bell candlestick is a four-legged doji hanging on top of a bullish bar with two shooting stars beside it.This might mean that they have reached the sky and is gearing for another descend.It's going to be gorgeous and will disintegrate again.
The performance of Asia-Pacific Indices:-
AORD. All OrdinariesAustralia 5,630.900 -168.500 (2.91%)
^SSEC. Shanghai CompositeChina 4,914.435 -266.079 (5.14%)
^HSI. Hang Seng .Hong Kong 23,818.86 -1,383.01 (5.49%)
^BSESN. BSE 30India 17,605.35 -1,408.35 (7.41%)
^JKSE. Jakarta Composite.Indonesia 2,485.8789 -125.253 (4.80%)
^KLSE. KLSE Composite.Malaysia 1,408.6 -30.89 (-2.15%)
^N225. Nikkei 225.Japan 13,325.94 -535.35 (3.86%)
^NZ50. NZX 50.New Zealand 3,646.906 -17.449 (0.48%)
ST Index. Singapore Straits Times 2,917.15 -187.10 (6.06%)
^KS11. Seoul Composite .South Korea 1,683.56 -51.16 (2.95%)
^TWII Taiwan Weighted.Taiwan 8,110.20 -74.45 (0.91%)

Countdown to FOMC meeting.

A week before the Federal Reserve meets to discuss monetary policy and cut interest rates once again, the economic calendar looks extremely light.

Two important trends to watch in the coming weeks are whether the poor earnings news extends beyond financials and businesses with strong ties to housing, and how much foreign demand is helping the bottom lines of multinationals.

Amid the profit reports, the economic data is likely to show that one of the primary factors hurting profits persist. Existing home sales are expected to keep falling.

ICSC-UBS STORE SALES - Tuesday, Jan. 22, 7:45 a.m. EST
This weekly tracking of retail sales, compiled by the International Council of Shopping Centers and UBS bank, will present sales results for the week ended Jan. 19

JOHNSON REDBOOK INDEX - Tuesday, Jan. 22, 8:55 a.m. EST

This weekly measure of retail activity will report on sales for the second fiscal week of January, ending Jan. 19.

RICHMOND FED SURVEY - Tuesday, Jan. 22, 10 a.m. EST

The Richmond Federal Reserve Bank releases its survey of manufacturing activity for January. In line with other regional and national factory reports.

MORTGAGE APPLICATIONS - Wednesday, Jan. 23, 7 a.m. EST

The Mortgage Bankers Association releases its mortgage Weekly Mortgage Applications Survey of home buying and refinancing application activity for the week ending Jan. 18

MEETINGS OF NOTE
Thursday, Jan. 24, 8:30 a.m. EST - U.S. Treasury Secretary Henry Paulson and European Central Bank President Jean-Claude Trichet speak on risk and the financial system at the World Economic Forum's annual meeting in Davos, Switzerland.
8:30 a.m. EST - Former Federal Reserve Board Chairman Alan Greenspan speaks about the global economy at a BMO Financial Group event in Vancouver, Canada.

JOBLESS CLAIMS - Thursday, Jan. 24, 8:30 a.m. EST

EXISTING HOME SALES - Thursday, Jan. 24, 10 a.m. EST

Earnings Calendar
Tuesday
Apple, Bank of America, BJ Services, CSX, Eaton, Du Pont, Fifth Third Bancorp, Johnson & Johnson, Keycorp, Meredith, Norfolk Southern, Regions Financial, Tellabs, Texas Instruments, UnitedHealth Group, Wachovia, Waters
Wednesday
Abbott Laboratories, Air Products & Chemicals, Allegheny Technologies, Capital One Financial, Citrix Systems, ConocoPhillips, eBay, Exelon, Freeport-McMoRan Copper & Gold, General Dynamics, Gilead Sciences, Hudson City Bancorp, Kimberly-Clark, LSI, McCormick & Co, Motorola, Noble, Pactiv, Pfizer, Praxair, QLogic, Qualcomm, Rockwell Automation, SLM, Southwest Airlines, St. Jude Medical, Stryker, SunTrust Banks, Symantec, Teradyne, Total System Services, United Technologies, Varian Medical Systems, WellPoint
Thursday
Ameriprise Financial, AmerisourceBergen, Amgen, Applied Biosystems Group, AT&T, Ball, Baxter International, Becton Dickinson & Co, Broadcom, Compuware, Consolidated Edison, Cooper Industries, Danaher, E*Trade Financial, Eastman Chemical, Federated Investors, Franklin Resources, Hartford Financial Services Group, Janus Capital Group, Juniper Networks, Leggett & Platt, Lennar, Lockheed Martin, McGraw-Hill, MEMC Electronic Materials, Microsoft, National City, Nucor, Rockwell Collins, Sovereign Bancorp, Sun Microsystems, Textron, Union Pacific, UST, Xerox, Zions Bancorporation
Friday
Caterpillar, Commerce Bancorp, Harley-Davidson, Honeywell International, Weatherford International, WW Grainger

All financial markets will be closed on Monday, Jan. 21 in observance of the Martin Luther King Jr. holiday.( http://www.mlkday.gov/) (http://en.wikipedia.org/wiki/Martin_Luther_King_Day)

Tracking Friday 18th,Dow intraday.

A rebound at the opening bell sparked by profit reports from IBM (IBM), General Electric (GE), and others fizzled ahead of the extended holiday weekend.

A plan unveiled by President Bush to stimulate the economy caused some initial disappointment among investors.

Bush's plan will focus on individual tax cuts, not spending increases, largely expected to be $800 per individual and $1600 per family. The total stimulus will be set to about 1% of GDP ($145 billion).

When the President opens his mouth at around 10:15am,the market got hammered down right up till the time he stop harping!..and that was around 12:00 noon.He needs to brush his teeth next time before he starts making his speech otherwise Colgate-palmolive will not generate enough sales and will report poor earnings to signal a recession.

At the close was a flat four-legged doji resting on top of a bull's horn.It is getting ready to leap up.

This time around Asian markets might take over the wheels to lead the race.

The Last Supper.

Wall Street extended its 2008 plunge on this typical Maundy Thursday. A regional Federal Reserve report showed a sharp and unexpected decline in manufacturing activity. Downgrades of key bond insurance companies added to the market's black mood, with investors fearing an escalation of months of credit market problems.The magnitude of the subprime rout and the recurring negative performance of big banking instituitions has caused Dow Jones a bitter pill to swallow.It is now wriggling in The Room of the Last Supper hosted by Merrill Lynch & Co.(http://en.wikipedia.org/wiki/The_Last_Supper)

Other economic reports added to investors' glum mood. The Commerce Department said housing starts plunged 14 percent to 1.01 million in December, marking the weakest pace of home building in more than 16 years. In addition, permits to build new homes dropped 8 percent last month to 1.07 million, the lowest level since 1993.

Tracking the Dow on Thursday,(17/01/08)

Horrible..!!!Horrific...Agonising.I'm hit!!!

Why should they choose this day with the Number Seven again!The crash of 1997 and Flight 77 that crash into the left wing of the Pentagon on September 11.I'll be holding on my position as Friday is the Dow's December'07 index futures & options expiry,that's where they'll bring it up again for a new season of the start of 2008.Currently we are still in December month trading extension.

Subprime mess confession.

Citigroup,the nation's biggest bank announced a $10 billion fourth-quarter loss, primarily because of an $18 billion write-down of assets related to subprime mortgages. The size of the write-down dwarfed Citigroup's October estimate of up to $11 billion in subprime-related losses.

Merrill Lynch becomes the next bank to offer a confessional to investors. It took a $14.1 billion writedown and adjustments in the fourth quarter as bad subprime mortgage bets forced the brokerage to sell pieces of the company to foreign investors to raise capital.

Even JPMorgan Chase (JPM) is disappointing investors this earnings season. The big bank said fourth-quarter profits fell to $2.97 billion, or 86 cents a share, from the year-ago $4.53 billion, or $1.26 a share.

As the parade of write-offs continues, it's time to ask what lies ahead for Wall Street after it cleans up its current mess.
Tracking the Dow on Wednesday,16/1/08.

Another nervous trading day with
Intel (INTC:) reported a slower-than-forecast 51% profit rise, and guided to first-quarter sales below average analyst estimates. Between 10:30am to 11:00am,there seems to be a circuit-breaker and trading was halted to contain further slide which will be a catastrophe for the Dow.At the close was a small bullish hammering of the bottom.It wants to find a positive path.


Here comes Friday,the expiry of December'07 index futures and stock options contract.The reason for the Dow's poor early start of this year 2008 might be the hangover of the December contracts not fulfilled as yet.Both the candlestick pair---'the Harami' &' morning star' are clear signs of returning bull.
MARKET WATCH:-
1.) IHME - Newshttp://finance.yahoo.com/q?s=IHME.OB IntelliHome Inc., a leader in the field of intelligent home solutions, has been awarded a new Westin Homes and Properties project in Pine Mill Ranch Subdivision located in Katy, Texas.
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2.) EXER - Unusual Activityhttp://finance.yahoo.com/q/bc?s=EXER.PK&t=5d Exact Energy has acquired a bundle of territorial rights to a new process developed by a group of Chemical and Structural Engineers and Scientists teamed together with the University of Utah’s Department of Chemical Engineering and the United States Aragon Labs to create a new improved method of cracking crude oil.
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3.) TAOL - Momentumhttp://finance.yahoo.com/q?s=TAOL.OB Tao Minerals Ltd. is a leading producer of gold and precious metals currently operating in Colombia.

Stock market plunge!!!

The Dow fall to more than 9-month lows on Citigroup's(C, Fortune 500) almost $10 billion loss and a weak Dec. retail sales report. Intel earnings and forecast disappoint after the bell.

This is enough to stir another global equity market sell-off on Wednesday on fears of a U.S recession

Hong Kong's Hang Seng index fell 1,386.96 points (5.4 per cent) - its worst day since September 2001 - as the territory's banking sector tumbled following damage to US rivals from subprime and credit market-related writedowns.

Tokyo's Nikkei 225 Average fell 468.12 points (3.4 per cent) to a two-year low as export stocks fell on intensifying fears of weaker demand from the US.The dollar fell 0.6 per cent to Y106.10 against the yen, its weakest level since May 2005.

The recent rally in the gold price, which saw the price climb to an historic level of $914.20 an ounce, ended as investors booked profits. The precious metal tumbled to $884.55, having ended the session in New York at $901.
Concerns about an impending recession in the US also sent oil prices to a three-week low. The Brent crude contract for February, which is due to expire today, fell $1.23 or 1.4 per cent to $89.75. The Nymex February contract declined $1.09 cents to $90.81 in after-hours trading.

Tracking the Dow One-year Chart.

The current disastrous dow index has completed its 2nd subprime rout back to what took place at the end of August'07.

We are two more days to the Dow index futures expiry.(Friday)

Volatility and short-covering will be forseeable within the matching line.

See how good those market-makers are able to manipulate right up to the even level using a review of subprime woes to scare the markets again even though the projections of poor corporate earnings are already known well ahead before all these bad news announcement.These bankers are holding the joker cards so market players sould be resilient with their tricks.

Citigroup checkmate.

Important economic data will compete with Citigroup's much-anticipated earnings report ahead of Tuesday's opening bell. Retail sales data is being particularly watched to see if it is weak enough to prompt the Fed to cut rates even before its regular meeting at the end of the month.

Government Investment Corp. of Singapore, the Kuwait Investment Authority and Saudi Prince Alwaleed bin Talal will altogether provide a financial booster of about $10 billion in cash to salvage the bank which probably will report a net fourth-quarter loss of almost $4.3 billion, or 97 cents a share.
Citi holds a conference call with analysts at 8:30 a.m. (E.T)
Producer prices and retail sales for December are both released at 8:30 a.m. New York time. Retail sales are expected to be down 0.1 percent.
Tracking the Dow on Monday,14/1/08.
Tech stocks propelled the overall stock market at the onslaught of the opening bell.Its revenue growth benefited from foreign sales, the positive side of dollar weakness.Towards the closing bell was another spin within a bearish body,a sign of follow through weakness.

A week of consolidation with the candlesticks within the matching lines.A sign of market stability.This Friday is the December'07 expiry of the index and futures options contracts. There is quite a possibilty of a beginning of a new chapter leaving all the bad omens behind.The market might be given a consolation.
Stock-Watch:-
1.) IHME - Momentumhttp://finance.yahoo.com/q?s=IHME.OB IntelliHome Inc., based in Katy, Texas, provides a comprehensive range of products and services to homeowners, builders and commercial customers to facilitate the creation and operation of the modern “intelligent home” or “smart building.”
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2.) KWBT - Volume Alerthttp://finance.yahoo.com/q?s=KWBT.OB The Company develops, manufactures, distributes and markets innovative, cost-effective, and environmentally safe bio-technological products for agricultural and natural resources and environmental conservation.
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3.) STHG - Watch Listhttp://finance.yahoo.com/q/bc?s=STHG.PK&t=5d Steadfast Holdings Group, Inc. is the parent of Steadfast Automotive and Steadfast Custom Linings that provides custom auto and truck coatings, bed liners, custom interior kits for commercial vehicles and other accessories.

Mr.DOW in COMA.

Mr Dow is now at risk and is in coma.The Friday's pulse reading shows that it is going to fall near the life-support level before the last waltz will by sung by Miss Jones.---http://www.youtube.com/watch?v=4hxdRva7lGo
http://www.youtube.com/watch?v=a4E_XxurW5M
Investors scrambled to find relative safety this week in pharmaceuticals, healthcare and consumer staples, considered more resistant to a recession. Telecoms and technology stocks were sold.
The current readings of the Dow which is the barometer of the health of the economy shows that it's no more a depression but a full blown-out recession.The whole body immune system has deteriorated and the credit related problems have spread downstream into the broader economic parts of the whole system.It's struggling to breathe the fresh air minus the oxygen support system.
Investors next week will take their cues from earnings and forecasts from leading financial firms such as Citigroup Inc;US Bancorp and State Street Corp.(TUESDAY) and J.P. Morgan Chase along with Wells Fargo Co.and Dupont.(WEDNESDAY)
Northern Trust;Washington Mutual;Merrill Lynch, Bank of New York and PNC Financial report on THURSDAY. General Electric (Friday)
Intel earnings on Tuesday along with IBM's results on Thursday could also further test recent market hopes that the technology sector might continue to benefit from global growth even as the U.S. slows down.
Other Important economic data:-
Tuesday--December producer prices, retail sales and a key business survey in the New York region.
Wednesday will see the release of the December consumer price index, industrial production data, a housing market index, along with the Federal Reserve's Beige Book of economic conditions.
On Thursday, December housing starts, weekly jobless claims and the Philadelphia Fed survey will be released.
Friday will bring a key consumer sentiment survey along with leading economic indicators.
As this is the 3rd week of the month with the 3rd Friday being the expiry of Dow Index futures,it is quite possible that since the start of 2008, the Dow has now lost 658.52 points, or 5% might be the spillover of previous year December'07 half-month to complete the manipulative month's settings.Thereupon a new beginning starts!!!
Tracking the Dow on Friday,11/01/08.
The Dow has its steepest first-eight-sessions-of-the-year slide in 17 years, as write-downs and slashed earnings forecasts signaled slowing consumer spending and sparked increased talk of a recession. At the close was another bearish hangman to be sent to the guillotine again.
Fear of bankruptcy at Countrywide Financial led to a 238-point plunge in the Dow on Tuesday, followed by another big drop Friday, even as Bank of America said it would buy the troubled mortgage lender for $4 billion.
The very bearish hammer might see the Dow touching the Main Bear Pivot before the market seek a reprieve again possibly near the expiry of the index futures and options on Friday.

Economic tumor.

Whether the U.S. economy is still in the benign state or advance tumor situation needs to be checked before the adrenal-glands stop secreting enough hormones to stimulate the proper functioning of the whole body organisational system.
Are the chief physician doing enough to provide a proper post-mortem and after care before the nervous system becomes haywire?
In a speech at the Women in Housing and Finance and Exchequer Club Joint Luncheon in Washington, DC, Thursday, Bernanke said that "light of recent changes in the outlook for and the risks to growth, additional policy easing may well be necessary." The Fed chief said policymakers "will be carefully evaluating incoming information bearing on the economic outlook" and that the Fed stands "ready to take substantive additional action as needed to support growth and to provide adequate insurance against downside risks."
Fed chief Ben Bernanke also hinted that deeper rate cuts may be on the way, giving investors reason to cheer. The central bank releases its next policy statement on Jan. 30.
Tracking the Dow on Thursday,10/01/08.
An extremely volatile session saw stocks falling in the morning, spiking on Bernanke's comments released at midday, then falling shortly after his speech ended.
Late-session reports that Countrywide Financial is up for sale gave the market its second wind, as Wall Streeters bet that Bank of America's investment in the company could be a good sign. Towards the closing bell,a spinning doji near the ground level with a white body are the bulls trying to make a decision whether to proceed or give up as the road ahead are still full of booby traps.

Wednesday's candlestick is like a bullish spinning top doji which has just completed Tuesday's bearish stick short-covering .The opening gonna be bearish tonight.
Stock Watch:-
1.) ACTC - Continued Momentum http://rs6.net/tn.jsp?e=0015HhFmrEfpCOL-pJMRpWmyHiwl4GQfdK3b8Tc74rMIVWVx1sq5H0dno1cD9ilv2MY_G8ta6jb-A-p9CldnlRprpi_ILHaPfEl3Imv-XsRkcmH8qcs9xezrAVL6sPmARp-1WJwZ0-Y06c= Advanced Cell Technology, Inc. together with colleagues announced today the development of five human embryonic stem cell (hESC) lines without the destruction of embryos.
2.) PURO - Volume Alerthttp://rs6.net/tn.jsp?e=0015HhFmrEfpCNiF5RP4COqLmLbhhgdXQTKXFVq5pVaUJFvzE6i0GCQyCrDCoYMzkMLPqRzBnt-a01gQMKlyvBpjXVjSNX5Dcod1rtOaEdQ8Hlpam0B1AcZDIWEQdkhR8OfXtdqP85lHhlQL70GOCkZ2axCxU_VqsVe Purio operates to provide practical solutions to the growing global water crisis. The Purio technology was independently tested by Canadian Environmental Technology Advancement Corporation-West (CETAC-WEST).
3.) CYPE - Volume Alerthttp://rs6.net/tn.jsp?e=0015HhFmrEfpCPa8ISsSndYX3NSftPqLbSOEX_XLDbboV_j1Q63zTwL-iUs64Nmj91TUxexzGUqqo7Z6K7Jfnyk7DFl30k0KZFujrgVy1eIBrps5qndJ85xu7Rr6DqfU5NiKobCD4oUbmB6GB9K1_bpDS9BfHBYEcW9 Century Petroleum Corporation is a publicly traded, dynamic junior oil and gas exploration company currently focused on making significant commercial petroleum discoveries in the Southern States.

Street bouncer.

The Dow has pierce through the main bearish support of the 52 week techincals between the high and the low of 12,515.10.The market makers must have realised the magnitude of disaster if no premptive measures are taken to stabilise it.

Here comes the Plunge Protection Team.The 'Invisible Hands'--- It's out there and what was once conspiracy theory is now an accepted and acknowledged policy tool.
The only difference between intervention and manipulation is communication.
One of the handyman is "Paulson who started preparing for market gyrations on the day he moved to Washington from Wall Street, colleagues say. ``He began working on financial preparedness from the start,'' says Robert Steel, the Treasury's undersecretary for domestic finance. ``And he decided early on that a key mechanism for doing that was the President's Working Group.'' Read from bloomberg the following column.
Mr. Paulson wasn't alone. In fact, he was in very good company. San Francisco Fed President Janet Yellen, Federal Reserve Chairman Ben Bernanke, Dallas Fed President Richard Fisher and Federal Reserve Governor Fredric Mishkin were unanimous in their assuring voices that we had nothing to fear but fear itself.
We're navigating our way through the most interesting period in the history of the financial markets.The many intervention won't work immediately but it'll simply buy time.We've already seen massive intervention, central bank liquidity injections, discount window collateral shifts, adjustable-rate mortgage freezes and behind the scenes maneuvering.Expect to see more but keep it in perspective.
Tracking the Dow on Wednesday,9.01.08.
A rocky day again with the bad guys,Goldman Sachs saying it expects a recession in 2008.But again they are aware that the Fed funds rate is expected to drop by another one and three-quarter percentage points from the current 4.25% to 2.5%, with a half-point cut at the end of January.
The final half hour trading reverse the bad guys stance with St. Louis Fed President William Poole said in a prepared speech he sees the U.S. avoiding a recession. The fundamentals of our economy remain strong ... and 2008 looks to be a year of rising growth," he said
Wednesday's dow has licked past the main bear pivot and must have kissed goodbye and has covered back the half-body of previous day's candlestick and look set for a short-covering.
The weekly initial jobless claims and wholesale inventories readings are slated for release tonight while Fed Chairman Ben Bernanke is scheduled to talk tomorrow.
Stock Watch:-
1.) CVBT - Continued Momentum http://rs6.net/tn.jsp?e=001bKk7DT-ZSoOCfzH70GDT1mbdS7WKGRRKdntTdJYrxvtkazrgLxxd9Dp15kFp0ustTGiVZrmjLY11TG1fH7qAWv_PiUozmVhz-nlPA1aIGr-mw4cs84bnvy70qBDVr31kLGS3jIdjbGjIxpa_M9sfueIX_e1kAXXR6oXgj38K6T97ve-YnXPMlGi8XIaAy3D4nLIoID56IJk= CVBT is a biopharmaceutical company developing drug candidates with FGF-1 as its active pharmaceutical ingredient (API) for diseases characterized by inadequate blood flow to a tissue or organ.
2.) GFRE - Newshttp://rs6.net/tn.jsp?e=001bKk7DT-ZSoONS-TmnjWFFP9vtOWO845lyPvIFLKm9MQibL2CC1GDoiZ_Y8iJl8xHjtRRbD4vLYK3g7HpYBiaZRCWENFEzehLpqJhwsAtb5rMI0ngYUypfwNC5qQDp1wIDVQU5CPjpiKwlFg2W3M9_Uskhq7KO6WJ Management expects to report 2008 revenues of $87 million, net income of approximately $23.5 million and earnings per share of $0.23, based on the approximately 100 million shares currently outstanding.
3.) http://www.puriowatertech.com/technology.php

Wall strip.

It's another non-stop bashing at Wall Street on Tuesday.Investors are feeling uneased being strip-off their pants in the first five days of 2008 though Tuesday marks the worst start to a year ever for the benchmark U.S. equity index.

All signals and theme start at this beginning shows sign of economic deterioration as fears of a U.S. recession mount on the heels of poor factory and employment data.The ugly start to January spells trouble for the stock market in the near term.

Tracking the Dow on BLACK Tuesday,8/01/08.

U.S. stocks tumbled on Tuesday after a warning by phone company AT&T (T.N: Quote, Profile, Research) of soft consumer spending sparked a new round of recession fears.

Countrywide shares dropped 27.4 percent in its steepest decline since the stock market crash of 1987. The plunge came amid speculation the company may file for bankruptcy as it struggles to emerge from the mortgage and credit marisis in one piece. The company denied the speculation.

The overnight bullish spin lasted only at the opening bell before it was slowly wipe-ouad economic reports creeping up the wall. At the close was a white bullish reversal candlestick which might give investors a reprieve tonight.

STOCK WATCH:

1.) BIPH - Volume Alert http://finance.yahoo.com/q/bc?s=BIPH.OB&t=1d Biophan is dedicated to providing technologies that offer innovative and competitive advantages to the medical device industry. The Company is helping to commercialize the Myotech Circulatory Support System, which has significant potential to improve the treatment of acute heart failure.

2.) CVBT - Continued Momentumhttp://finance.yahoo.com/q?s=CVBT.OB CVBT is a biopharmaceutical company developing drug candidates with FGF-1 as its active pharmaceutical ingredient (API) for diseases characterized by inadequate blood flow to a tissue or organ.

Recession a reality.

The US has entered its first full-blown economic recession in 16 years, according to investment bank Merrill Lynch.
A weakening employment picture and declining retail sales signal the economy has tipped into its first month of recession.It isn't even a forecast any more but is a present day reality.
The US economy is deepening as the sub-prime mortgage crisis and the credit rout show little sign of easing.
The whole batch of negative data to support this analysis, including the four key barometers used by the National Bureau of Economic Research (NEBR) - employment, real personal income, industrial production, and real sales activity in retail and manufacturing of late has confirmed the actual situation.
All four of these barometers "seem to have peaked around the November-December period, strongly suggesting that we are actually into the first month of a recession."
President George W Bush might announce a fiscal stimulus package as early as his annual State of the Union address later this month, Mr Paulson said it is more important to get policy right rather than announced policy changes quickly.

Tracking the Dow on Monday,7th Jan'08.A see-saw trading day with volatility.Adding to stock skittishness was word from the U.S. military that five Iranian boats harassed three U.S. naval ships in international waters Sunday.A last 30minute rebound helps Dow into the positive and there was a 'shooting star' followed by another bearish spin.

A bearish candlestick followed by a bullish spining bottom-"a morning star"There might be a technical rebound while awaiting the FOMC meeting later this month.It's going to take more than technical factors for stocks to make a sustained move higher.Fourth-quarter earnings reports, will start pouring in Wednesday with Alcoa (AA, Fortune 500), and the upcoming economic news.

Chinese Stocks rebound.

Looks like Shanghai Stock Exchange Composite has found its double bottom support near 'Bullish Pivot A' and is heading upward for the Chinese Lunar Year Celebration.

The ascending soldiers formation in mid-December'07 was noticed.

Chinese stock watch:-

GULF RESOURCES INC (OTC BB:GFRE.OB)

GFRE operates through two wholly-owned subsidiaries: the first one is engaged in manufacturing and trading Bromine, is used to manufacture a wide variety of compounds utilized in industry and agriculture, and Crude Salt in China.
The second wholly-owned subsidiary manufactures chemical products utilized in oil & gas field explorations and as papermaking chemical agents.

Management currently anticipates revenues of approximately $54 million, representing an increase of over 200 percent from the $17.8 million reported during calendar 2006.

Net income is expected to increase approximately 980 percent to at least $13 million from the $1.2 million reported in 2006, which included a $5.3 million non-cash equity compensation charge. Previously issued guidance for revenue and net income was $48 million and $11.6 million respectively.

GFRE main subsidiary is engaged in producing Bromine and Crude salt. They are the largest producer in China with a 15% market share. China is also the third largest producer of bromine worldwide behind the US and Israel.
The Bromine compound is used in numerous applications that include: water purification, production of vegetabGFRE is 1 of 6 companies in China licensed to produce and distribute bromine. GFRE also has a 50 year mineral rights and land lease covering over 18,775 acres of property with proven and probable reserves of over 1.7 million tons of bromine.
The rising international demand for bromine, coupled with the fact that China will soon become the largest papermaking country in the world is anticipated to have a significant impact on the bromine demandle oil, dyes, pharmaceutical compounds.

GFRE's subsidiary SYCI has signed a letter of intent with Southwest Synthetic Pharmaceutical Corporation Ltd., one of the largest developers, manufacturers and exporters of pharmaceuticals in West China, to serve as a supplier of a chemical compound named 3.4.5-Trimethoxybenzaldehyde (T.M.B.) to Southwest.In 2006, global spending on prescription drugs topped $600 billion.

The crude salt yield of Shandong Province was 16 million tons in 2005, which amounts to approximately 30% of the entire Chinese market!GFRE's headquarters are located in Shouguang City, which is the major salt production area in Shandong Province.GFRE knows that agriculture, oil, and paper are very huge in China and that bromine is important to these industries.

For more information on GFRE, make sure to visit their website at: http://www.gulfresourcesco.com/

52wk Range:0.73 - 3.00
Volume:302,082
Avg Vol (3m):95,823.4
Market Cap:283.06M
P/E (ttm):32.64
EPS (ttm):0.09
Div & Yield:N/A (N/A%)

GULF RESOURCES, INC. Financials

Full Company Profile

ANALYST OPINION

EPS Est (next year) (Dec-07) :0.14
EPS Est (in 2 years) (Dec-08) :0.19
Avg Rec (current)*:2.0
PEG Ratio:0.79
* (Strong Buy) 1.0 - 5.0 (Strong Sell)

Working Group On Financial Markets

The President made some general observations about the economy today after his meeting with his Working Group On Financial Markets. Excerpts:
"This economy of ours is on a solid foundation, but we can't take economic growth for granted. And there are signs that will cause us to be ever more diligent and to make sure that good policies come out of Washington. For example, we've had 52 straight months of job creation, but job growth slowed last month. The core inflation is low, but U.S. consumers are paying more for gasoline and for food. Consumer spending is strong, yet the values on many of the homes in America are beginning to decline, which leads me to say to the American people: For those of you who are paying more and are worried about your home, we understand that. That's why we have an aggressive policy to help credit-worthy people stay in their homes."

Today's White House Fact Sheet on the economy is here.

Meanwhile,unemployment rate jumped to 5 percent in December from 4.7 percent in November, more than the 4.8 percent analysts expected and the highest level since November 2005.

While energy traders could have interpreted that data positively -- in the past energy investors have seen reasons to buy in any economic news likely to prompt the Federal Reserve to cut interest rates -- traders are becoming more concerned that record high energy prices are helping to push the economy into recession.

"The Fed's response to the housing crisis been essentially to aggressively cut rates but that has come at the expense of the dollar and has fed directly in to commodity price inflation."

Next week,weekly reading of initial jobless claims(Thursday) while on Friday import prices for December, expected to rise 0.2 percent, will be watched to see if inflation is quickening.

Investors will watch November pending home sales data on Tuesday, expected to show a 0.5 percent decline. A consumer credit report on Wednesday, also for November, will be watched for possible further credit tightening, which could cut into consumer spending.

Tracking the Dow on Friday,4th January,2008

U.S. stocks tumbled on Friday on a Labor Department report that outlined weak job growth and rising unemployment in December. Towards the closing bell,the hammer and the hangman near the lows of the day depicts a weakening Wall Street.

The psychological 13,000 barrier has been breached and the downtrend has begun.

Bernanke is scheduled to speak in Washington on Thursday about financial markets, the economic outlook and monetary policy.Will the market be dragged down further till the 3rd Friday of the month on index expiry before any light be seen?

Wall Street Stimulant.

The U.S. economy is at a heighten risk of sinking like the Titanic so the ship's captain needs to seek all revenues and resources to rescue its crew and passengers all on board from a dire death trap. http://www.youtube.com/watch?v=Sm1q6Hk_bbg&feature=related
All the President's men,namely Treasury Secretary Henry Paulson;Federal Reserve Chairman Ben Bernanke; Chris Cox, chairman of the Securities and Exchange Commission; and Walt Lukken, acting director of the Commodity Futures Trading Commission will be meeting President Bush tonight Friday to discuss and update market conditions and regulatory policy on financial markets.
President Bush is exploring an economic stimulus package to reinforce the U.S. economy.
White House press secretary Dana Perino said Thursday that Bush is closely monitoring economic trends and is seeking input from his economic advisers on the pros and cons of such a package.
The president says he knows the public is frustrated and restless about the economy, and that his administration is trying to help people deal with their mortgage crises, energy bills and education concerns.
In his end-of-the-year message, Bush said, "The underpinnings of our economy have proven strong, competitive, and resilient enough to overcome the challenges we face."
Tracking the Dow on Thursday,3/01/08.
It is supposed to be a bullish day but the bulls have the desire to conserve their energy for the bull-run along the bumpy trail.It's a warm-up training today.The theme-play this month will be the focus of the FOMC meeting on the 29thJan on rates -cut.Single trader behind $100 a barrel oil record price

It's a bullish spinning bottom within the lower body of previous day.The head & shoulder pattern on the 27th,28th & 31st have translated into a base for reversal.